Which stocks are most correlated with MBIN?

Based on one year of daily returns, the stocks most correlated with Merchants Bancorp Common Stock (MBIN) are CAC (0.64), QABA (0.64) and FFBC (0.63). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with MBIN?

Over the past year, the stocks most inversely correlated with Merchants Bancorp Common Stock (MBIN) are SKRE (-0.59), SDD (-0.45) and SBB (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Merchants Bancorp Common Stock (MBIN) — Stock Correlations & Overview

Over the past year, MBIN has moved most closely with CAC, QABA, FFBC. Explore the stocks most correlated and inversely correlated with MBIN below, along with its price, financials, and company profile.

Stocks correlated with MBIN

Correlation of daily returns. Higher positive values move with MBIN; negative values move opposite it. Informational only, not investment advice.

Most correlated with MBIN

Symbol	Company	Correlation
CAC	Camden National CorporationNATIONAL COMMERCIAL BANKS	0.64
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.64
FFBC	First Financial BancorpNATIONAL COMMERCIAL BANKS	0.63
FRME	First Merchants CorpNATIONAL COMMERCIAL BANKS	0.62
HOPE	Hope Bancorp, Inc.NATIONAL COMMERCIAL BANKS	0.61

Most inversely correlated with MBIN

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.59
SDD	ProShares UltraShort SmallCap600	-0.45
SBB	ProShares Short SmallCap600	-0.44
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.38
SRTY	ProShares UltraPro Short Russell2000	-0.37

Frequently asked questions about MBIN correlations

Which stocks are most correlated with MBIN?: Based on one year of daily returns, the stocks most correlated with Merchants Bancorp Common Stock (MBIN) are CAC (0.64), QABA (0.64) and FFBC (0.63). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with MBIN?: Over the past year, the stocks most inversely correlated with Merchants Bancorp Common Stock (MBIN) are SKRE (-0.59), SDD (-0.45) and SBB (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these MBIN correlations calculated?: We compute the correlation of daily returns between MBIN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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